According to the Miami Association of Realtors, Miami existing condominium and total luxury home sales increased in February 2018.
This past week Miami developers Louis Birdman, Gregg Covin, Kevin Venger and Regalia Group along with New York-based Plaza Construction announced that the highly anticipated One Thousand Museum luxury condo tower by Zaha Hadid Architects has topped out.
Median home prices in U.S. zip codes in the highest 20 percent for environmental hazard risk appreciated at a faster pace than the overall U.S housing market over the past year.
According to the Miami Association of Realtors, Miami recorded the fifth-most annual single-family home sales in county history in 2017 as total dollar volume and median prices rose at year-end and in 4Q 2017.
U.S. builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter. This is the highest reading since the inception of the index in 2008.
The world's largest international property listings portal GlobalListings.com has announced it has signed a worldwide news syndication partnership with The World Property Journal.
According to the Miami Association of Realtors, luxury home sales in Miami posted double-digit gains while existing condominium transactions surged year-over-year in December 2017.
The National Association of Home Builders reported this past week their NAHB Remodeling Market Index posted a reading of 60 in the fourth quarter of 2017, up three points from the previous quarter and only the second time since 2001 the reading has reached 60.
According to a Zillow, U.S. homebuyers paid more than the asking price in nearly one quarter (24 percent) of U.S. home sales in 2017, netting sellers an additional $7,000 each. Five years ago, 17.8 percent of final sale prices were higher than the asking price.
According to Zillow, the total value of all homes in the United States in early January 2018 is now $31.8 trillion after gaining $2 trillion in 2017. The cumulative value of the U.S. housing market grew at its fastest annual pace.
Nationwide U.S. housing starts rose 13.7 percent in October 2017 to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading.
Sales of newly built, single-family homes in September 2017 rose 18.9 percent to a seasonally adjusted annual rate of 667,000 units from an upwardly revised August reading. This is the highest sales rate since October 2007.
Nearly 1.4 million (1,367,793) U.S. residential properties (1 to 4 units) were vacant as of the end of the third quarter of 2017 -- representing 1.58 percent of all U.S. residential properties.
According to new research by Zillow, rising sea levels are expected to impact $916 billion worth of U.S homes in the next 100 years, most of which are low-end or median-value homes.
According to the National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October 2017. This was the highest reading since May 2017.
With the recent passing of Hurricane Irma over Florida, the State's commercial property sector managed to escape significant damage given the scale and strength of the storm.
Preliminary property loss estimates in Florida from Hurricane Irma, total insured and uninsured loss for both residential and commercial properties, including damage from both flood and wind, is estimated to be between $42.5 billion and $65 billion.
According to Irvine, Ca-based CoreLogic, an estimated 8,456,455 residential and commercial properties in Florida are at either "Extreme," "Very High" or "High" risk of wind damage from Hurricane Irma.